Examlex
According to the text, a manager who desires to minimise his or her maximim 'regret' will opt for a ________ choice.
Maximum Potential Value
The highest theoretical value an investment or business project can achieve under optimal conditions.
Simulation Analysis
A method that uses a model to replicate complex systems and predict their behavior under different scenarios.
Scenario Analysis
A method of examining potential future occurrences by evaluating different possible results or scenarios.
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